1 If your car gets 22 miles pergallon, how much does it cost to drive 370 miles when gasoline costs $2.60 pergallon?

The cost is $_______________-(Simplify your answer. Round to the nearest cent asneeded.)

2. A solution consisting of 252 mg of dopamine in 72 mL of solution is administered at a rate of 12 mL/hr. Complete parts(a) and(b) below.

a. What is the flow rate in mg of dopamine perhour?_________________mg/hr ( integer or decimal rounded to the nearest thousandth asneeded.)

b. If a patient is prescribed to receive 84 mg of dopamine, how long should the infusionlast?______________

hour(s) ( integer or decimal rounded to the nearest thousandth asneeded.)

3.Decide whether the following statement makes sense(or is clearlytrue) or does not make sense(or is clearlyfalse). Explain your reasoning.

If John earns20% more than Marydoes, then Mary must earn20% less than John does.

Choose the correct answer below.

A.

The statement makes sense because20% is the absolute difference between John and Mary.

B.

The statement makes sense because the relative difference is20% and it does not change by switching the reference value and the compared value.

C.

The statement does not make sense because if John earns20% more thanMary, then Mary must earn80% less than John does.

D.

The statement does not make sense because if John earns20% more thanMary, then Mary must earn approximately16.7% less than John does.

4.In the followingstatement, express the first number as a percentage of the second number.

Thefull-time year-round median salary for U.S. men in 2010 was $42,000, and thefull-time year-round salary for U.S. women in 2010 was $34,300.

Thefull-time year-round median salary for U.S. men in 2010 was __________% of thefull-time year-round median salary for U.S. women in 2010.

(Round to the nearest tenth asneeded.)

5.What is abudget? What is cashflow? Describe thefour-step process of figuring out your monthly budget.

What is abudget?

A.

A budget is the value obtained from subtracting monthly expenses from monthly income.

B.

A budget is a list of monthlyincome, includingwages, bankinterest, and any other income such asonce-per-year payments.

C.

A budget keeps track of how much money is being spent on credit cards and any interest being charged and helps to determine how much interest one can afford to pay.

D.

A budget keeps track of how much money one has coming in and how much one has going out and helps to determine what adjustments need to be made.

What is cashflow?

A.

The difference between expenses and income

B.

The sum of budget and income

C.

The sum of expenses and income

D.

The difference between budget and income

Describe thefour-step process of figuring out your monthly budget. Choose the correct answer below.

6.Compute the total cost per year of the following pair of expenses. Then complete thesentence: On an annualbasis, the first set of expenses is_______% of the second set of expenses.

Maria spends $16 on lottery tickets every week and spends $139 per month on food.

On an annualbasis, the money spent on lottery tickets is _________% of the money spent to buy food.

(Round to the nearest percent asneeded.)

7.Prorate the following expenses and find the corresponding monthly expense.

Lan pays a semiannual premium of $700 for automobileinsurance, a monthly premium of $135 for healthinsurance, and an annual premium of $400 for life insurance.

The monthly expense is $_______________Round to the nearest cent asneeded.)

8.

The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow(it could be positive ornegative). Assume salaries and wages are after taxes. When you need to convert between weeks andmonths, assume that 1month=4weeks.

Income

Part-time job: $700/month

College fund fromgrandparents: $350/month

Scholarship: $6600/year

Expenses

Rent: $450/month

Groceries: $70/week

Tuition andfees: $2400 twice a year

Incidentals: $70/week

The net monthly cash flow is $____________

9- The accompanying figure summarizes the average spending patterns for people of different ages in a certain nation. Determine whether the spending pattern given below is equalto, above, or below the national average. Assume that salaries and wages are after taxes.

A single30-year-old woman with a monthly salary of $3000 spends $1020 per month on rent.

Click the icon to view the figure.

Is thewoman's spending pattern equalto, above, or below the nationalaverage?

A.

The spending pattern is equalto the national average.

B.

The spending pattern is above the national average.

C.

The spending pattern is below the national average.

10-Use the appropriate compound interest formula to compute the balance in the account after the stated period of time

$14,000 is invested for 8 years with an APR of 4% and quarterly compounding.

The balance in the account after 8 years is $___________Round to the nearest cent asneeded.)

11-Use the formula for continuous compounding to compute the balance in the account after1, 5, and 20 years.Also, find the APY for the account.

A $20,000 deposit in an account with an APR of 3.75%.

The balance in the account after 1 year is approximately $_____________(Round to the nearest cent asneeded.)

The balance in the account after 5 years is approximately $_______________(Round to the nearest cent asneeded.)

The balance in the account after 20 years is approximately $_____

(Round to the nearest cent asneeded.)

The APY for the account is approximately %_______(Round to two decimal places asneeded.)

12- At age 22, someone sets up an IRA(individual retirementaccount) with an APR of 7%. At the end of each month he deposits $95 in the account. How much will the IRA contain when he retires at age65? Compare that amount to the total deposits made over the time period.

After retirement the IRA will contain $_______________(Do not round until the final answer. Then round to the nearest cent asneeded.)

The total deposits made over the time period is $________(wholenumber.)

13.You want to purchase a new car in 9 years and expect the car to cost $63,000. Your bank offers a plan with a guaranteed APR of 6.5% if you make regular monthly deposits. How much should you deposit each month to end up with $63,000 in 9 years?

You should invest $___________each month.(Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places asneeded.)

14.Compute the total and annual returns on the described investment.

Six years after buying 150 shares of XYZ stock for $50 pershare, you sell the stock for $11,800.

The total return is %. ________________

(Do not round until the final answer. Then round to one decimal place asneeded.)

The annual return is ____________%.(Do not round until the final answer. Then round to one decimal place asneeded.)

15.Compare A and B in threeways, where A=1.91 million is the 2012 daily circulation of newspaper X and B=2.11 million is the 2012 daily circulation of newspaper Y.

a. Find the ratio of A to B.

b. Find the ratio of B to A.

c. Complete thesentence: A is____ percent of B.

a. The ratio of A to B is _________________(integer or decimal rounded to two decimal places asneeded.)

b. The ratio of B to A is ___________

(integer or decimal rounded to two decimal places asneeded.)

c. A is ___________-percent of B.

(Round to the nearest integer asneeded.)